In this engaging conversation, Jeremy Schneider, founder of Nectarine and author of Personal Finance Club, shares his remarkable journey from near poverty to millionaire status. He discusses vital steps for building wealth, including the importance of frugality and the necessity of investing in index funds. Jeremy shares valuable insights on overcoming investment fears and avoiding debt traps. He also emphasizes his mantra of 'buy and hold forever,' encouraging listeners to take charge of their financial future with confidence.

Entrepreneur turned personal finance teacher Jeremy Schneider shares his journey from frugality to multimillionaire status. He discusses simplifying finances, managing windfalls, evolving budget categories, efficient expense tracking, and the importance of financial freedom. The episode also touches on challenges of moving heavy appliances, using emojis for budgeting, passive investing, and a new transparent financial advising platform.

This week, Jeremy Schneider, founder of Personal Finance Club and co-founder of Nectarine, shares his journey from selling a business to mastering personal finance. He emphasizes the value of simplicity in investing, contrasting complex ETFs with straightforward index funds. The discussion includes automation in financial management and the pitfalls of maintaining cash in retirement accounts. Jeremy also dives into childhood financial habits shaping adult decisions and distinguishes between fiduciary advisors and sales-driven models for clearer financial guidance.

Meet Jeremy Schneider, the passionate financial educator behind Personal Finance Club and Nectarine. He delves into the value of robo-advisors, constructing a portfolio, his views on cryptocurrency, and common financial mistakes. Jeremy's new venture democratizes access to financial advice and he encourages simplicity, avoiding lifestyle creep and complex investing.

Jesse invites entrepreneur and avid YNAB'er Jeremy Schneider on to the show to help de-mystify investing for YNAB'ers looking to get started. Jeremy built the successful internet startup RentLinx, sold the company in 2015, and retired a couple years after at the age of 36. Jeremy then spent two years playing video games, traveling, coaching beach volleyball, and learning about what to do with all of his money. When the pandemic hit, he needed something to fill his time, so he decided to build a resource for other people to learn the fundamentals of investing and how to build their own nest egg.   Jeremy's pretty clear that there's no magic to good investment strategy. To build wealth you need to spend less, save more, and then invest using a simple, reliable strategy, such as investing in broad market index funds. He recommends using YNAB to help with the spending less money part, then teaches the rest in his Personal Finance Club.   Jeremy has a FREE 60-minute investing basics course as well as some fun and useful web tools to understand how investments can grow over time, the futility of trying to time the market, and more. https://www.personalfinanceclub.com/   For YNAB listeners, you can save $20 off the full Learn to Invest course using the discount code "YNAB" when you checkout. The code is good through October 2022! https://www.personalfinanceclub.com/course/     Got a question for Jesse? Send him an email: askjesse@ynab.com